At a Glance
- Tasks: Lead technical analysis and support credit risk capital management across lending portfolios.
- Company: Join a purpose-led building society with a strong ethical approach.
- Benefits: 28 days holiday, annual bonus, private medical insurance, and pension contributions.
- Other info: Flexible working patterns available; inclusive environment for all backgrounds.
- Why this job: Shape lending strategies and influence decisions with your expertise in credit risk.
- Qualifications: Experience in Credit Risk, Regulatory Capital, and strong stakeholder management skills.
The predicted salary is between 70000 - 90000 £ per year.
The Senior Credit Risk Technical Specialist - Capital is a key technical role within Risk Modelling & Measurement, providing specialist expertise in credit risk capital, regulatory capital interpretation and credit risk analytics. Working closely with other Risk areas, Finance, Treasury and wider business functions, the role is key to translating complex regulatory requirements into clear internal specifications, processes, and calculation.
The role holder will support the Society's understanding and management of credit risk capital requirements across lending portfolios, including significant regulatory developments such as Basel 3.1. Acting as a recognised subject matter expert for credit risk capital, risk weighted assets (RWA), capital adequacy and prudential regulation, the role will help shape lending strategy, portfolio management decisions and future business opportunities.
Senior Credit Risk Technical Specialist - Capital will take ownership of end-to-end capital processing and analysis across lending portfolios, supporting the delivery of regulatory returns, RWA reporting and capital insight. The role will help ensure regulatory requirements are effectively interpreted and embedded, while providing expert input into capital adequacy, CET1 performance, product development and lending strategy. The role holder will also work closely with auditors, regulators and senior governance committees to support robust decision-making and regulatory compliance.
Operating within a collaborative and people-focused team, the role holder will lead technical analysis, provide regulatory interpretation, support committee reporting and influence senior stakeholders through evidence-based insight. We operate on a team-led hybrid approach with at least one day per week in either the Coventry or Manchester office.
Our benefits include:
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
- Annual discretionary bonus scheme
- Personal pension with matched contributions
- Life assurance (6 times annual salary)
- Private Medical Insurance
About You
You're an experienced Credit Risk Capital, Credit Risk Analytics or Regulatory Risk professional who enjoys turning complex regulatory and technical requirements into clear business insight. You'll be confident influencing stakeholders, challenging thinking constructively and helping shape lending and capital decisions through robust analysis and expert judgement.
For this role you'll need to have:
- Strong experience in Credit Risk, Regulatory Capital, Prudential Risk or Credit Risk Analytics within a financial services environment.
- Strong knowledge of regulatory capital frameworks, including Basel 3.1, and an understanding of Standardised and/or IRB approaches.
- Experience analysing and interpreting credit risk capital, RWA movements and portfolio performance to support business decision-making.
- Knowledge of credit risk models and their practical application within lending, capital or impairment environments.
- Proven ability to communicate complex technical analysis through reports, presentations and recommendations to senior stakeholders.
- Strong stakeholder management skills, with the ability to collaborate across Risk, Finance, Treasury and wider business functions.
Experience in these areas would be helpful:
- COREP reporting, Pillar 3 disclosures or wider regulatory reporting requirements.
- IFRS 9, IRB models or Post Model Adjustments (PMAs).
- SAS, SQL, Python or other analytical and reporting tools.
- Engagement with auditors, regulators or external consultants.
About us
In 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK's original ethical bank was the start of an exciting journey. Trusted by over four million people, we are a mutually owned business free from shareholders, with shared values, a strong ethical approach and a commitment to delivering positive outcomes for members, customers and colleagues.
We are officially recognised as a Great Place to Work and are committed to creating an inclusive environment where everyone can thrive. We welcome applications from all backgrounds and will consider alternative working patterns wherever possible.
Flexibility and why it matters
We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.
Proud to be a Disability Confident Committed Employee
We’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.
Senior Credit Risk Technical Specialist - Capital in Manchester employer: Coventry Building Society
The Coventry Building Society is an exceptional employer that prioritises employee well-being and professional growth, offering a supportive work culture where innovation thrives. With a focus on team-led hybrid working, employees enjoy flexibility in their schedules while being part of a skilled technical team dedicated to continuous improvement. This role not only provides opportunities for leadership development but also fosters a collaborative environment that values each individual's contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Credit Risk Technical Specialist - Capital in Manchester
✨Tap into Campus Networks
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We think you need these skills to ace Senior Credit Risk Technical Specialist - Capital in Manchester
Some tips for your application 🫡
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How to prepare for a job interview at Coventry Building Society
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Coventry Building Society.
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✨Network with Industry Professionals
Before your interview, reach out to current or former Coventry Building Society employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
